Exploring Hydrocarbon Depletion
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Spanktron9 wrote:First of all, thank you to this community for a reasoned (usually) discourse on this most important topic.
I have been reading, studying, lurking on this and other boards for some time, but have yet to come up with a clear answer when I explain the fundamentals of supply/demand to people with regards to peak oil. The question I get is- "If we are using 86 million barrels, and we are only producing 85 million, who is going without oil?"
Am I correct in answering a combination of:
1) Stockpile depletion
2) Demand destruction
3) Shortages and brownouts in various locales around the world
If that isn't the best answer, can someone enlighten me?
Spanktron9 wrote:Thanks for the cogent responses. So it basically as I thought. I didn't realize the daily shortfall was that large though!
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